ARM vs. NOK: A Head-to-Head Stock Comparison

Updated on October 8, 2025

Here’s a clear look at ARM and NOK, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

Both ARM and NOK are American Depositary Receipts (ADRs). This provides U.S. investors with straightforward access to investing in these foreign-listed companies.

Symbol	ARM	NOK
Company Name	Arm Holdings plc	Nokia Oyj
Country	United Kingdom	Finland
GICS Sector	Information Technology	Information Technology
GICS Industry	Semiconductors & Semiconductor Equipment	Communications Equipment
Market Capitalization	165.48 billion USD	26.63 billion USD
Exchange	NasdaqGS	NYSE
Listing Date	September 14, 2023	July 1, 1994
Security Type	ADR	ADR

Historical Performance

This chart compares the performance of ARM and NOK by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

ARM vs. NOK: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	ARM	NOK
5-Day Price Return	10.41%	4.30%
13-Week Price Return	6.36%	-6.01%
26-Week Price Return	46.03%	-15.06%
52-Week Price Return	13.01%	5.68%
Month-to-Date Return	10.41%	1.67%
Year-to-Date Return	26.64%	-2.98%
10-Day Avg. Volume	4.21M	11.60M
3-Month Avg. Volume	4.66M	11.17M
3-Month Volatility	48.15%	30.94%
Beta	2.59	-0.02

Profitability

Return on Equity (TTM)

ARM

10.64%

Semiconductors & Semiconductor Equipment Industry

Max: 47.13%
Q3: 23.50%
Median: 9.94%
Q1: 0.86%
Min: -20.69%

ARM’s Return on Equity of 10.64% is on par with the norm for the Semiconductors & Semiconductor Equipment industry, indicating its profitability relative to shareholder equity is typical for the sector.

NOK

5.01%

Communications Equipment Industry

Max: 32.30%
Q3: 20.90%
Median: 9.10%
Q1: 4.29%
Min: -13.50%

NOK’s Return on Equity of 5.01% is on par with the norm for the Communications Equipment industry, indicating its profitability relative to shareholder equity is typical for the sector.

ARM vs. NOK: A comparison of their Return on Equity (TTM) against their respective Semiconductors & Semiconductor Equipment and Communications Equipment industry benchmarks.

Net Profit Margin (TTM)

ARM

16.96%

Semiconductors & Semiconductor Equipment Industry

Max: 52.41%
Q3: 23.88%
Median: 10.17%
Q1: 1.21%
Min: -32.15%

ARM’s Net Profit Margin of 16.96% is aligned with the median group of its peers in the Semiconductors & Semiconductor Equipment industry. This indicates its ability to convert revenue into profit is typical for the sector.

NOK

5.31%

Communications Equipment Industry

Max: 23.65%
Q3: 12.56%
Median: 5.62%
Q1: 2.50%
Min: -3.09%

NOK’s Net Profit Margin of 5.31% is aligned with the median group of its peers in the Communications Equipment industry. This indicates its ability to convert revenue into profit is typical for the sector.

ARM vs. NOK: A comparison of their Net Profit Margin (TTM) against their respective Semiconductors & Semiconductor Equipment and Communications Equipment industry benchmarks.

Operating Profit Margin (TTM)

ARM

18.51%

Semiconductors & Semiconductor Equipment Industry

Max: 58.09%
Q3: 27.54%
Median: 11.18%
Q1: 3.31%
Min: -28.36%

ARM’s Operating Profit Margin of 18.51% is around the midpoint for the Semiconductors & Semiconductor Equipment industry, indicating that its efficiency in managing core business operations is typical for the sector.

NOK

6.21%

Communications Equipment Industry

Max: 25.23%
Q3: 13.72%
Median: 6.44%
Q1: 3.00%
Min: -10.95%

NOK’s Operating Profit Margin of 6.21% is around the midpoint for the Communications Equipment industry, indicating that its efficiency in managing core business operations is typical for the sector.

ARM vs. NOK: A comparison of their Operating Profit Margin (TTM) against their respective Semiconductors & Semiconductor Equipment and Communications Equipment industry benchmarks.

Profitability at a Glance

Symbol	ARM	NOK
Return on Equity (TTM)	10.64%	5.01%
Return on Assets (TTM)	8.01%	2.68%
Net Profit Margin (TTM)	16.96%	5.31%
Operating Profit Margin (TTM)	18.51%	6.21%
Gross Profit Margin (TTM)	97.14%	44.23%

Financial Strength

Current Ratio (MRQ)

ARM

4.99

Semiconductors & Semiconductor Equipment Industry

Max: 6.58
Q3: 4.24
Median: 2.73
Q1: 2.13
Min: 1.02

ARM’s Current Ratio of 4.99 is in the upper quartile for the Semiconductors & Semiconductor Equipment industry. This signifies a strong liquidity position, suggesting the company is well-equipped to cover its immediate liabilities compared to its peers.

NOK

1.46

Communications Equipment Industry

Max: 3.33
Q3: 2.13
Median: 1.55
Q1: 1.15
Min: 0.91

NOK’s Current Ratio of 1.46 aligns with the median group of the Communications Equipment industry, indicating that its short-term liquidity is in line with its sector peers.

ARM vs. NOK: A comparison of their Current Ratio (MRQ) against their respective Semiconductors & Semiconductor Equipment and Communications Equipment industry benchmarks.

Debt-to-Equity Ratio (MRQ)

ARM

0.00

Semiconductors & Semiconductor Equipment Industry

Max: 1.09
Q3: 0.48
Median: 0.25
Q1: 0.01
Min: 0.00

Falling into the lower quartile for the Semiconductors & Semiconductor Equipment industry, ARM’s Debt-to-Equity Ratio of 0.00 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.

NOK

0.21

Communications Equipment Industry

Max: 1.44
Q3: 0.86
Median: 0.53
Q1: 0.22
Min: 0.00

Falling into the lower quartile for the Communications Equipment industry, NOK’s Debt-to-Equity Ratio of 0.21 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.

ARM vs. NOK: A comparison of their Debt-to-Equity Ratio (MRQ) against their respective Semiconductors & Semiconductor Equipment and Communications Equipment industry benchmarks.

Interest Coverage Ratio (TTM)

ARM

6.95

Semiconductors & Semiconductor Equipment Industry

Max: 174.00
Q3: 74.71
Median: 26.06
Q1: 6.43
Min: -7.80

ARM’s Interest Coverage Ratio of 6.95 is positioned comfortably within the norm for the Semiconductors & Semiconductor Equipment industry, indicating a standard and healthy capacity to cover its interest payments.

NOK

34.19

Communications Equipment Industry

Max: 55.49
Q3: 34.19
Median: 7.59
Q1: 3.73
Min: -9.94

NOK’s Interest Coverage Ratio of 34.19 is positioned comfortably within the norm for the Communications Equipment industry, indicating a standard and healthy capacity to cover its interest payments.

ARM vs. NOK: A comparison of their Interest Coverage Ratio (TTM) against their respective Semiconductors & Semiconductor Equipment and Communications Equipment industry benchmarks.

Financial Strength at a Glance

Symbol	ARM	NOK
Current Ratio (MRQ)	4.99	1.46
Quick Ratio (MRQ)	4.77	1.21
Debt-to-Equity Ratio (MRQ)	0.00	0.21
Interest Coverage Ratio (TTM)	6.95	34.19

Growth

Revenue Growth

ARM vs. NOK: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

ARM vs. NOK: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

ARM

0.00%

Semiconductors & Semiconductor Equipment Industry

Max: 3.72%
Q3: 1.51%
Median: 0.69%
Q1: 0.00%
Min: 0.00%

ARM currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.

NOK

3.17%

Communications Equipment Industry

Max: 8.13%
Q3: 3.29%
Median: 0.94%
Q1: 0.00%
Min: 0.00%

NOK’s Dividend Yield of 3.17% is consistent with its peers in the Communications Equipment industry, providing a dividend return that is standard for its sector.

ARM vs. NOK: A comparison of their Dividend Yield (TTM) against their respective Semiconductors & Semiconductor Equipment and Communications Equipment industry benchmarks.

Dividend Payout Ratio (TTM)

ARM

0.00%

Semiconductors & Semiconductor Equipment Industry

Max: 205.27%
Q3: 88.01%
Median: 27.13%
Q1: 0.00%
Min: 0.00%

ARM has a Dividend Payout Ratio of 0%, indicating it does not currently pay a dividend. This is a common strategy for growth-oriented companies that reinvest all profits back into the business.

NOK

50.74%

Communications Equipment Industry

Max: 111.16%
Q3: 70.91%
Median: 30.78%
Q1: 0.00%
Min: 0.00%

NOK’s Dividend Payout Ratio of 50.74% is within the typical range for the Communications Equipment industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

ARM vs. NOK: A comparison of their Dividend Payout Ratio (TTM) against their respective Semiconductors & Semiconductor Equipment and Communications Equipment industry benchmarks.

Dividend at a Glance

Symbol	ARM	NOK
Dividend Yield (TTM)	0.00%	3.17%
Dividend Payout Ratio (TTM)	0.00%	50.74%

Valuation

Price-to-Earnings Ratio (TTM)

ARM

231.25

Semiconductors & Semiconductor Equipment Industry

Max: 106.30
Q3: 61.93
Median: 38.96
Q1: 23.71
Min: 13.06

At 231.25, ARM’s P/E Ratio is exceptionally high, exceeding the typical maximum for the Semiconductors & Semiconductor Equipment industry. This suggests the stock may be significantly overvalued compared to its peers and implies high market expectations that could be difficult to meet.

NOK

21.89

Communications Equipment Industry

Max: 103.74
Q3: 61.65
Median: 26.20
Q1: 18.12
Min: 4.19

NOK’s P/E Ratio of 21.89 is within the middle range for the Communications Equipment industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.

ARM vs. NOK: A comparison of their Price-to-Earnings Ratio (TTM) against their respective Semiconductors & Semiconductor Equipment and Communications Equipment industry benchmarks.

Price-to-Sales Ratio (TTM)

ARM

39.22

Semiconductors & Semiconductor Equipment Industry

Max: 19.99
Q3: 10.21
Median: 5.23
Q1: 2.88
Min: 1.13

With a P/S Ratio of 39.22, ARM trades at a valuation that eclipses even the highest in the Semiconductors & Semiconductor Equipment industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.

NOK

1.16

Communications Equipment Industry

Max: 6.86
Q3: 6.24
Median: 2.44
Q1: 1.02
Min: 0.48

NOK’s P/S Ratio of 1.16 aligns with the market consensus for the Communications Equipment industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

ARM vs. NOK: A comparison of their Price-to-Sales Ratio (TTM) against their respective Semiconductors & Semiconductor Equipment and Communications Equipment industry benchmarks.

Price-to-Book Ratio (MRQ)

ARM

24.45

Semiconductors & Semiconductor Equipment Industry

Max: 14.22
Q3: 6.94
Median: 4.29
Q1: 1.99
Min: 0.67

At 24.45, ARM’s P/B Ratio is at an extreme premium to the Semiconductors & Semiconductor Equipment industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.

NOK

1.21

Communications Equipment Industry

Max: 6.28
Q3: 5.73
Median: 3.32
Q1: 2.02
Min: 0.42

NOK’s P/B Ratio of 1.21 is in the lower quartile for the Communications Equipment industry. From a value investing perspective, this is favorable, as it suggests the stock is trading at a discount to its net asset value and may offer a greater margin of safety.

ARM vs. NOK: A comparison of their Price-to-Book Ratio (MRQ) against their respective Semiconductors & Semiconductor Equipment and Communications Equipment industry benchmarks.

Valuation at a Glance

Symbol	ARM	NOK
Price-to-Earnings Ratio (TTM)	231.25	21.89
Price-to-Sales Ratio (TTM)	39.22	1.16
Price-to-Book Ratio (MRQ)	24.45	1.21
Price-to-Free Cash Flow Ratio (TTM)	227.35	15.09